Author Archives: cyprusmail

Business March 3, 2015

Cyprus CEOs more confident about growth prospects

CEOs in Cyprus are more confident this year about their company’s revenue growth prospects, according to the 4th consecutive local survey carried out by PricewaterhouseCoopers (PwC) Cyprus within the framework of the Global CEO survey held annually over the past 18 years.

This year’s global survey, which saw the participation of more than 1,300 CEOs from 77 countries including 84 from Cyprus, focused on the future of businesses and examined how megatrends are transforming the competitive landscape and the dynamics…

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Business Local News March 3, 2015

Former finance minister denounces bail-in allegations

TWO YEARS later, Cypriot politicians are still arguing over who was to blame for the haircut on bank deposits, a necessary condition for the island’s €10 billion bailout.

Former finance minister Vasos Shiarly entered the fray on Monday, denying that a bill drafted by the previous administration included provisions for a bail-in, or deposit seizure, as a way of recapitalising stricken lenders.

The bill was eventually passed on March 26, around a month after Nicos Anastasiades came to power.


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International News March 2, 2015

Tough talk on Greece alone won’t boost Ireland, Spain at home

By Padraic Halpin and Sarah White

Europe’s tough treatment of Greece’s new government has eased some immediate anti-austerity pressure in Ireland and Spain, but it may take a lot more than that to put Dublin and Madrid’s ruling parties’ re-election prospects back on track.

Elected months apart in 2011 as financial crises enveloped their own countries, the two centre-right led governments’ hopes of winning a second term risk being upset by anti-austerity opponents aligned to Greece’s Syriza, among other challenges.

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International News March 2, 2015

Eurogroup head: Greek reforms could prompt bailout payment in March

Greece’s international creditors could pay part of the 7.2 billion euros remaining in its bailout pot as early as this month if Athens starts adopting necessary reforms, the head of the euro zone finance ministers’ group said.

“My message to the Greeks is: try to start the programme even before the whole renegotiation is finished,” Dutch Finance Minister Jeroen Dijsselbloem told the Financial Times in an interview.

“There are elements that you can start doing today. If you do that,…

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Brilliant Coutinho lifts Liverpool to win over City, Arsenal up to third

By Sam Holden

Liverpool’s Philippe Coutinho produced a moment of Brazilian magic to dent Manchester City’s Premier League title aspirations in a 2-1 home win on Sunday as Arsenal moved up to third with a 2-0 victory against Everton.

Coutinho found the corner with a stunning curling effort to extend Liverpool’s unbeaten run to 11 league games after Henderson’s excellent first-half strike had been cancelled out by City’s Edin Dzeko.

It was a serious blow to City manager Manuel Pellegrini…

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International News March 1, 2015

U.S.-Israel ties fraying over Netanyahu speech, Iran talks

As relations between President Barack Obama and Benjamin Netanyahu hit a new low over the Israeli prime minister’s planned speech to Congress and a looming deadline for a nuclear deal with Iran, there are growing signs it could damage the broader U.S.-Israeli alliance.

Already there has been some fraying of the usually strong relationship amid the frosty personal ties between the two leaders and a deepening divide over the Iran talks, which Israel fears will allow its arch foe to…

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International News March 1, 2015

Maduro says Venezuela detains U.S. citizens; announces moves against U.S.

Venezuelan President Nicolas Maduro said on Saturday his government had detained U.S. citizens, including a pilot, on suspicion of espionage, in a move likely to strain already tense relations between Washington and Caracas.

Maduro also said his government would order a reduction in the number of U.S. embassy staff in Caracas and prohibit some U.S. officials from entering Venezuela in retaliation for a similar U.S. measure last year. Venezuela would also require U.S. citizens to obtain visas before visiting, he…

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Football Sport March 1, 2015

Apollon back at the top

By Iacovos Constantinou

Apollonas reclaimed top spot in the championship as they defeated Anorthosis by 2-0 while APOEL could only draw against a spirited Omonia. Elsewhere AEK moved into fourth place with a convincing 4-1 thumping of Doxa while all other games, Ethnios-Ermis, Nea Salamina- Ayia Napa and Othellos-AEL ended goalless.

Apollonas had few problems in overcoming a dispirited Anorthosis who were missing a number of key players namely Avraam, Calvo and Laifis

The Limassol team got off to…

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International News February 28, 2015

Greece seeks negotiations on ECB bond repayment

Greece called into question on Saturday a major debt repayment it must make to the European Central Bank this summer, after acknowledging it faces problems in meeting its obligations to international creditors.

Finance Minister Yanis Varoufakis said Athens should negotiate with the ECB on 6.7 billion euros in Greek government bonds held by the Frankfurt-based bank that mature in July and August.

Varoufakis did not say what he hoped to achieve in any talks, but he accused the ECB of…

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International News February 28, 2015

Russian opposition mourns murdered leader Nemtsov (Updated)

By Alexander Winning and Katya Golubkova

Thousands of stunned Russians laid flowers and lit candles on Saturday on the bridge where opposition politician Boris Nemtsov was shot dead near the Kremlin, a murder that showed the risks of speaking out against President Vladimir Putin.

Nemtsov, 55, was shot four times in the back by assailants in a white car as he walked across the bridge over the Moskva River in central Moscow with a Ukrainian woman, who was unhurt, just…

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